Has your bank said no to refinancing your home? I may be able to help! 

Are you stressing about getting behind on your payments? I have access to several PRIVATE LENDERS that lend on the equity you have in your property not on your income and credit score. If you are starting to struggle to keep your head above water don't wait until you are behind, call me now!

You can also use the EQUITY in your home to pay off CRA, spousal buyout, pay out other high interest debt, finish renovations.... If you have more than 35% equity in your home you may be eligible, call for details. 250-219-2323

If you are PURCHASING and have bad credit, previous bankruptcy, newly self employed, consumer proposal.... a private mortgage may be an option to get you back into a home and start rebuilding your credit, usually your payments will still be lower than rent!

**Remember this type of financing is for 1 or 2 year terms while you work to rebuild your credit then we will get into a mortgage with more competitive rates as soon as you are able to qualify!

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For example one of my lenders is offering:

Lending in B.C. and Alberta

Residential / Small Commercial / Farms / Raw Land

Up to 75% LTV in urban centres (70% in Alberta)

Up to 65% LTV in smaller towns & rural areas (60% in Alberta)

Up to 50% LTV on raw land

First mortgages starting at 5.95%

Second mortgages starting at 8.95%

Rate determined by LTV and property location

Maximum mortgage amount: $500,000

1 or 2 year closed terms (open term also available)

6 months open + 6 months closed term available

Pre-paid mortgages available

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The above is an example of what one of my private lenders offers, I have several other lenders that have different guidelines but are all equity based lenders for refinancing but you need to reach out before you are too far behind on your mortgage payments.  If you own your house and don't have a mortgage you will be approved quite easily based on the equity in your home.  I hate to see people lose their homes which is happening around our area, give me a call if you are in a situation that requires a quick solution so you figure out the next step and work towards a positive future in your home.

Call me anytime if you have questions or feel free to email me at terri.paulovich@verico.ca . 

Terri

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